Perryman Financial Advisory Inc. AD bought a new stake in Invesco S&P 500 Top 50 ETF (NYSEARCA:XLG – Free Report) during the 4th quarter, HoldingsChannel.com reports. The firm bought 35,868 shares of the company’s stock, valued at approximately $2,126,000.
Several other hedge funds and other institutional investors have also made changes to their positions in XLG. JPMorgan Chase & Co. lifted its position in shares of Invesco S&P 500 Top 50 ETF by 53.6% in the third quarter. JPMorgan Chase & Co. now owns 3,786,602 shares of the company’s stock valued at $217,805,000 after acquiring an additional 1,321,856 shares in the last quarter. LPL Financial LLC lifted its position in shares of Invesco S&P 500 Top 50 ETF by 8.0% in the fourth quarter. LPL Financial LLC now owns 11,554,356 shares of the company’s stock valued at $684,942,000 after acquiring an additional 856,661 shares in the last quarter. Ameriprise Financial Inc. lifted its position in shares of Invesco S&P 500 Top 50 ETF by 46.6% in the third quarter. Ameriprise Financial Inc. now owns 2,296,020 shares of the company’s stock valued at $132,108,000 after acquiring an additional 729,356 shares in the last quarter. Raymond James Financial Inc. lifted its position in shares of Invesco S&P 500 Top 50 ETF by 25.8% in the second quarter. Raymond James Financial Inc. now owns 2,867,532 shares of the company’s stock valued at $149,398,000 after acquiring an additional 588,257 shares in the last quarter. Finally, Brown Advisory Inc. lifted its position in shares of Invesco S&P 500 Top 50 ETF by 1,359.5% in the fourth quarter. Brown Advisory Inc. now owns 560,799 shares of the company’s stock valued at $33,244,000 after acquiring an additional 522,375 shares in the last quarter.
Invesco S&P 500 Top 50 ETF Price Performance
NYSEARCA XLG opened at $61.32 on Monday. The company has a market cap of $10.80 billion, a PE ratio of 27.80 and a beta of 1.05. The stock’s 50 day simple moving average is $61.14 and its 200-day simple moving average is $59.11. Invesco S&P 500 Top 50 ETF has a 1-year low of $49.68 and a 1-year high of $64.77.
About Invesco S&P 500 Top 50 ETF
Guggenheim Russell Top 50 Mega Cap ETF (the Fund), formerly Rydex Russell Top 50 ETF, seeks to replicate as closely as possible the performance of the Russell Top 50 Index (the Index). The Index is an unmanaged capitalization-weighted index consisting of the 50 largest companies in the Russell 3000 Index. The Russell 3000 Index is an unmanaged capitalization-weighted index that offers investors access to the United States equity universe representing approximately 98% of the United States equity market.
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